【$KERNEL Signal】Short squeeze continuation, continue to push higher after 1H pullback confirmation

$KERNEL The 1H timeframe has experienced a rapid rally and is currently consolidating at high levels. The 4H timeframe shows a strong upward trend, with prices holding above all key moving averages. The current negative funding rate contrasts sharply with the strong sideways price action, indicating a typical short squeeze structure. Shorts are paying a high cost, and once the 1H pullback is confirmed, a secondary upward move is highly likely.

🎯Direction: Long

⚡Entry/Order: 0.08730 - 0.08955

🛑Stop Loss: 0.08590

🚀Target 1: 0.09685

🚀Target 2: 0.10050

🛡️Trade Management:

- Execution Strategy: After reaching the first target of 0.09685, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks through 0.10050, consider leaving some profits as a trend order to seek greater gains.

Deep Logic: The order book shows buy depth far exceeding sell depth, indicating a clear buying bias in the market. The 1-hour RSI has fallen from overbought territory back to around 66, leaving room for another rally. Although open interest remains stable, the negative funding environment prevents deep corrections, suggesting ongoing selling pressure and strong main force support. The 4-hour chart has formed a clear upward channel, with the 0.087-0.089 zone below acting as the channel’s lower boundary and the 1H EMA50 resonance support, making it an excellent sniper entry point.

View real-time market 👇 $KERNEL

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